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Commander In Chief: Mitek Systems’ CEO Innovation Download

PYMNTS

So we also added a new focus: applying document and artificial intelligence/machine learning to develop enterprise-class solutions for identity verification in digital channels that meet the market need for a great user experience, risk mitigation and regulatory compliance. PYMNTS: Where do you look for innovative ideas, and why?

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REPORT: Payment Tech Tops FIs’ Innovation Agendas

PYMNTS

According to PYM NTS’ research, 57 percent of all FIs will focus on this area over the next three years, making it the highest item on an agenda that also includes user experience, consumer engagement, and fraud and security. We found that 52 percent of all FIs will concentrate on this area over the next three years.

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REPORT: What Sharing Economy Platforms Don’t Get About Digital ID

PYMNTS

Hiding among these legit users are fraudsters and other bad actors that are increasingly targeting sharing economy platforms. Unfortunately, many sharing economy platforms’ verification and authentication processes are poorly equipped to combat the growing risk of fraud. In fact, 71.5 percent are asked to provide their phone numbers.

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Investment App Investing In Itself To Fight Fraud

PYMNTS

As a result, fraud prevention and security must be — and is — a top concern for digital companies. According to recently released research from PYMNTS , fraud attacks are on the rise, up 215 percent year over year. We look at our users and we try to see, are you who you say you are, and are you going to commit fraud against us?

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NEW DATA: 43M Consumers Are Holding Out On Mobile Banking Apps — How Banks Can Change Their Minds

PYMNTS

percent) who do not use mobile banking apps because they are dissatisfied with those apps’ user experience (UX). How can FIs improve their mobile banking apps’ UX shortcomings, and which features will go the farthest in encouraging more of their customers to download and use those apps for their everyday banking and payment needs?

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Why payments leaders are prioritizing data privacy & security

CB Insights

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Want the full expert post? Become a CB Insights customer.

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Why payments leaders are prioritizing identity verification, KYC, & AML

CB Insights

Clients can download the full Fraud Prevention & Compliance for Payments Leaders report at the top left sidebar. Want the full expert post? Become a CB Insights customer.